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AWS SALES GROWTH
Gig workers' incentives cool; YC attendees resell AI creditsHappy Tuesday! Despite a shortage of delivery workers, payouts for gig riders have increased only slightly this summer. This and more in to...- Tata Electronics' $30 billion fab bet; Ather's Q4 revenue surgeTata Electronics CEO Randhir Thakur lays out the group’s big swing in fabs, advanced packaging and more in an interaction with ET. This and...
- Inside Big Tech’s March quarter earnings: Here’s all you need to knowBig Tech giants Alphabet, Microsoft, and Amazon reported strong earnings, driven by significant growth in cloud and AI services. While Meta...
- Amazon CEO on Now growth; Big Tech dials up AI spendIn India’s hypercompetitive quick commerce space, Amazon CEO Andy Jassy said Now is growing fast. This and more in today’s ETtech Top 5.
- Amazon stock price, earnings, profits and net sales rise after strong first-quarter cloud growthAmazon stock price, earnings, profits and net sales increased after the company reported higher first-quarter profit and revenue driven by ...
- OpenAI breaks off Microsoft exclusivity, Amazon CEO says OpenAI models coming to AWS soonMicrosoft's exclusive hold on OpenAI's artificial intelligence models is over. This change allows OpenAI to offer its technology to competi...
- Broadcom hits $2 trillion valuation: How AI chip surge, Google and Meta deals, and ETF buzz is driving AVGO rallyBroadcom (AVGO) market capitalization surged past $2 trillion, fueled by soaring demand for custom AI chips and cloud networking infrastruc...
- U.S. stocks tick higher, led by UnitedHealth Group, as oil prices remain relatively stableU.S. stocks held firm Tuesday as UnitedHealth Group and other major companies reported profits exceeding analyst expectations, boosting mar...
- IT stocks slide up to 3% after TCS Q4 earnings. What's spooking investors?IT stocks fell up to 3% after TCS reported Q4 results that failed to impress the Street, dragging the Nifty IT index over 2%. Despite broad...
- Amazon CEO reveals AI revenue, dismisses spending doubts in annual letterAmazon's cloud division has reached a remarkable milestone, raking in more than $15 billion each year from its AI offerings. This impressiv...
- Amazon CEO sees AI doubling prior AWS sales projections to $600 billion by 2036Amazon held one of its regular all hands meetings on Tuesday to provide employees updates on businesses ranging from drone deliveries to ad...
- Amazon shares soar 11% as AI boom fuels stellar growth in AWS cloud unitAmazon shares surged more than 11% in early trading on Friday after strong growth at its cloud unit and a bullish sales outlook eased fears...
- Amazon's AWS cloud computing unit cuts at least hundreds of jobsAn Amazon spokesperson confirmed it had cut jobs but did not provide a number. Amazon, which employed 1.6 million full- and part-time worke...
- Warren Buffet, known for not traditionally investing in tech, now has major investments in AI; he's betting billions on this specific AI stock, should other investors Buy?Warren Buffett has shifted his investment strategy towards technology companies. He has invested billions of dollars in Amazon, which is be...
- Amazon triples quarterly profit as cloud surgesEcommerce titan Amazon on Tuesday said profit in the first three months of 2024 tripled as its cloud, ads, and retail businesses thrived. "...
- Amazon Web Services lays off hundreds of tech, sales staff: reportAmazon Web Services has laid off a few hundred employees in its unit that works on technology for physical retail stores, and several hundr...
- Amazon reports quarterly revenue above estimatesThe world's biggest online retailer net sales of $127.4 billion in the first three months of the year, compared with expectations of $124.5...
- Amazon's Cloud arm AWS hits annualised sales run rate of over $85 bnE-commerce behemoth Amazon has reported $21.4 billion in net sales for its Cloud arm Amazon Web Services (AWS) -- up 20 per cent year-over-...
- Amazon posts record profits amid pandemic boomSince the start of the coronavirus outbreak, shoppers have relied increasingly on Amazon for delivery of home staples, and the company sees...
- Amazon picks former executive Adam Selipsky to lead cloud unitThe move comes as AWS' current lead Andy Jassy is vacating the role to become the chief executive officer of Amazon, after Jeff Bezos annou...
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